GraniteShares 2x Long AMD Daily ETF (AMDL)
GraniteShares 2x Long AMD Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $52.20, up 3.88% on the session, giving a market capitalisation of $1.05B. Its beta of 8.79 implies it has historically moved more than the broad market.
This exchange-traded fund (ETF) aims to achieve daily investment results equivalent to twice (200%) the daily percentage movement of Advanced Micro Devices, Inc. (AMD, NASDAQ: AMD) common stock, prior to fees and expenses. However, the successful attainment of this daily objective is not guaranteed. Investors should note that the fund is not structured to deliver double the cumulative return of AMD for holding periods extending beyond a single day.
GraniteShares 2x Long AMD Daily ETF is most often compared with the following Financial Services names: